Shelton Capital Management Invests $232,000 in Zoetis Inc. (ZTS) Stock
Shelton Capital Management acquired a new stake in shares of Zoetis Inc. (NYSE:ZTS) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,718 shares of the company’s stock, valued at approximately $232,000.
Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in Zoetis by 16.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,598 shares of the company’s stock valued at $100,000 after buying an additional 230 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in Zoetis by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,905 shares of the company’s stock valued at $102,000 after buying an additional 13 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new position in Zoetis during the 1st quarter valued at approximately $111,000. Harfst & Associates Inc. increased its position in Zoetis by 16.1% during the 2nd quarter. Harfst & Associates Inc. now owns 1,878 shares of the company’s stock valued at $117,000 after buying an additional 260 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in Zoetis during the 2nd quarter valued at approximately $119,000. 93.19% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on the company. BidaskClub raised Zoetis from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Zacks Investment Research raised Zoetis from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Thursday, October 12th. Cowen and Company set a $70.00 price objective on Zoetis and gave the company a “buy” rating in a research report on Monday, July 17th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $75.00 price objective on shares of Zoetis in a research report on Tuesday, September 26th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $65.00 price objective (up previously from $62.00) on shares of Zoetis in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $65.76.
Shares of Zoetis Inc. (NYSE:ZTS) opened at 65.56 on Thursday. The firm has a 50 day moving average price of $64.23 and a 200-day moving average price of $61.18. Zoetis Inc. has a 12-month low of $46.86 and a 12-month high of $65.91. The company has a market cap of $32.07 billion, a price-to-earnings ratio of 37.06 and a beta of 1.02.
Zoetis (NYSE:ZTS) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. Zoetis had a return on equity of 62.49% and a net margin of 17.50%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business posted $0.49 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts expect that Zoetis Inc. will post $2.34 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.105 per share. The ex-dividend date is Wednesday, November 8th. This represents a $0.42 annualized dividend and a dividend yield of 0.64%. Zoetis’s dividend payout ratio is presently 23.73%.
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Zoetis Company Profile
Zoetis Inc is engaged in the discovery, development, manufacture and commercialization of animal health medicines and vaccines, with a focus on both livestock and companion animals. The Company has a business, commercializing products across eight core species: cattle, swine, poultry, sheep and fish (collectively, livestock) and dogs, cats and horses (collectively, companion animals), and within five product categories: anti-infectives, vaccines, parasiticides, medicated feed additives and other pharmaceuticals.
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